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In Depth Information About the Subject of System Dynamics
System dynamics is an approach to getting a grasp on the understanding of complex systems over time. What makes system dynamics so unique is the study of feedback loops, stocks, and flows in complex systems. Using this approach will take even a seemingly simple problem and model how there is really no nonlinearity in the system you are studying.
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Types of Courses to Expect In A Masters in System Dynamics Program
As a student, the majority of the courses in your curriculum will be in Modeling and Experimental Analysis of Complex Problems, Real World System Dynamics, Psychological Foundations of System Dynamics, and Special Topics in System Dynamics. There is not a lot of flexibility of taking electives. You will have to follow a strict curriculum in this program.
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Job Outlook for System Dynamics
A masters degree in system dynamics in going to gear you toward being a consultant for a business or toward starting your own consulting company. International growth of business trade is contributing highly to a heavy demand in management analysis. As United States businesses expand into global markets they will be looking to hire system dynamics personnel to develop the right strategies and profit from these strategies.
System dynamics are also used domestically because domestic markets have become more competitive. Business operations need to be streamlined, marketing strategies need to be developed, and of course the need for reducing costs and increasing profits. Surprisingly, there will also be opportunities in the local, state, and federal agencies who are seeking now more than ever to become as efficient as possible.
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Job Growth and Salary Projections
According to the Bureau of Labor and Statistics, system dynamics are expected to experience a 22 percent growth over the next decade. Another interesting fact about system dynamics is 27 percent of those trained in system dynamics are self employed, which is over three times the average for all occupations in the United States.
In 2006 there were 678,000 reported system/management dynamics personnel employed. The median salary for a system dynamics specialist in 2006 was $76,600.
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Can I Get My Masters in System Dynamics Online?
Yes! You can take all of your masters degree in system dynamics classes online. This allows you more flexibility with your time and work schedule. Make sure you carefully research the cost of credits, applicable distance learning institution accreditation, and specific admissions requirements for the online colleges you are considering. Remember that in order to apply for your online technology masters program, you will need to have already earned a bachelors degree. Good luck with your career!
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Here Is An Online College That Offers a Masters Program in System Dynamics
Worcestor Polytechnic Institute - The WPI Master’s in System Dynamics Program costs $1,121 per credit hour, not including any admissions or technical fees.